Taekwang Signs Contract for $2.2 Billion Power Project in Vietnam
Vietnam’s Ministry of Industry and Trade signed the BOT contract for the Nam Định I thermal power plant on November 12, 2026. A subsidiary of South Korea’s Taekwang Group is the project’s sole investor. The $2.2 billion to $2.3 billion plant is targeted to begin operating in 2030. The group also has a major footwear manufacturing business in Vietnam.
